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New Jersey's latest unemployment rate is still a far cry from the 15.4% unemployment seen in May 2020 during the COVID-19 business closures, which itself was New Jersey's highest unemployment rate ...
Unemployment in the US by State (June 2023) The list of U.S. states and territories by unemployment rate compares the seasonally adjusted unemployment rates by state and territory, sortable by name, rate, and change. Data are provided by the Bureau of Labor Statistics in its Geographic Profile of Employment and Unemployment publication.
In 2023 N.J. had some 63,000 filled job positions that it didn’t have a year ago, but that wasn't enough to keep the unemployment rate from hiking. In 2023, New Jersey saw the highest increase ...
Unemployment insurance is funded by both federal and state payroll taxes. In most states, employers pay state and federal unemployment taxes if: (1) they paid wages to employees totaling $1,500 or more in any quarter of a calendar year, or (2) they had at least one employee during any day of a week for 20 or more weeks in a calendar year, regardless of whether those weeks were consecutive.
New Jersey’s beleaguered unemployment system has made strides since the jobless rate soared to its highest level in 40 years during the COVID-19 pandemic. But a report released Wednesday found ...
No state unemployment rate requirements – available in every state; EUC Tier 2 Provides up to 14 weeks of benefits (was 13 weeks before Nov 6, 2009) Eligible to claimants who exhaust EUC Tier 1 benefits; No state unemployment rate requirements – available in every state (a state high unemployment trigger was required before Nov 6, 2009)
Certain credits are allowed with respect to state unemployment taxes paid that may reduce the effective FUTA rate to 0.8%. Effective July 1, 2011, the rate decreased to 6.0%. That rate may be reduced by an amount up to 5.4% through credits for contributions to state unemployment programs under sections 3302(a) and 3302(b), resulting in a ...
Though the unemployment rate is currently at a historical low, economists polled in Bankrate’s Economic Indicator survey predict that a recession could lead to a loss of jobs in the coming year ...